Govt cuts petrol, diesel prices by Rs14, Rs13.5/Litre

MG News | December 15, 2023 at 11:29 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

December 15, 2023 (MLN): The caretaker federal government on Friday announced a significant reduction in fuel prices, as the price of petrol and diesel witnessed a cut of Rs14 and Rs13.50 per litre, respectively.

After taking into account these cuts, petrol and High-Speed Diesel (HSD) price will now stand at Rs267.34 and 276.21 per litre, respectively.

The notification further shows that the government slashed the prices of Kerosene (SKO) and Light Diesel Oil (LDO) by Rs10.14 and Rs11.29 per litre to Rs191.02 and Rs164.64 per litre, respectively.

The new prices will be effective from December 16, 2023.

To note, in the previous fortnight, the caretaker government decided to maintain the petrol price, while reduced price of diesel by Rs7 per litre to Rs289.71.

This positivity is credited to a noteworthy decline in oil prices in the international markets and a further strengthened Pakistani Rupee (PKR) during this fortnight.

The domestic currency extended its upward momentum by achieving its fifth straight weekly victory against USD, mainly due to positive sentiments in the market after the succesfull staff-level agreement with the International Monetary Fund (IMF).

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	162,374.88 110.96M	-0.95% -1549.44
ALLSHR	98,620.11 386.58M	-0.91% -906.77
KSE30	47,823.16 51.47M	-1.02% -490.65
KMI30	232,733.99 57.93M	-1.23% -2903.19
KMIALLSHR	63,955.68 197.75M	-1.12% -727.41
BKTi	44,724.17 14.61M	-1.01% -457.04
OGTi	33,033.72 5.00M	-1.08% -361.88

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	80,335.00	81,450.00 80,195.00	-870.00 -1.07%
BRENT CRUDE	117.38	117.45 112.74	4.21 3.72%
RICHARDS BAY COAL MONTHLY	128.50	0.00 0.00	-1.10 -0.85%
ROTTERDAM COAL MONTHLY	147.10	0.00 0.00	1.10 0.75%
USD RBD PALM OLEIN	1,182.50	1,182.50 1,182.50	0.00 0.00%
CRUDE OIL - WTI	103.44	103.92 98.84	3.97 3.99%
SUGAR #11 WORLD	20.26	20.51 20.02	0.13 0.65%